Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on rare earth elements, primarily through its wholly-owned Wicheeda Rare Earth Element Project in British Columbia, Canada. The company's mission is to develop this project to deliver critical minerals essential for defense, national security, and clean energy technologies, thereby contributing to the diversification of the North American rare earth supply chain. The company is headquartered in Vancouver, British Columbia.

The company's core focus is the Wicheeda project, which aims to produce rare earth elements, specifically neodymium and praseodymium (NdPr) oxide. These elements are crucial components for permanent magnets used in electric vehicles, wind turbines, advanced manufacturing, and various defense technologies. The Wicheeda project represents a significant North American rare earth deposit, with a Pre-Feasibility Study confirming substantial mineral reserves.

In 2025, Defense Metals Corp. completed a Pre-Feasibility Study for the Wicheeda Project, which demonstrated robust economics and mineral reserves, positioning it as one of North America's most advanced undeveloped carbonatite rare earth deposits. The company is currently advancing towards a Definitive Feasibility Study, targeted for the first half of 2026. Recent developments include the project's selection by the British Columbia Critical Minerals Office for its Advanced Project Initiative and a Letter of Interest from Export Development Canada for potential debt financing of up to US$250 million. Mark Tory serves as President, CEO, and Director, with Guy de Selliers as Executive Chairman. The company was also recently included in the new Sprott Rare Earths Ex-China ETF, underscoring its strategic importance in the global rare earth market.